Jack Mallers, the founder and CEO of Zap Solutions, a Bitcoin payments start-up that uses the Lightning Network, says that the company’s platform, Strike, now enables fast direct transfers of U.S. dollars to banks and mobile money accounts in the Philippines.
On 6 December 2022, Strike announced its “Send Globally” feature, which enables instant, low-cost payments to Africa. Strike’s Send Globally is available to all Strike users in the U.S., with initial coverage for Nigeria, Kenya, and Ghana.
According to Strike’s press release, to enable instant payments to Africa, Strike partnered with the African payments platform Bitnob. Using Lightning rails, Send Globally allows users to send money instantly to Nigeria, Ghana, and Kenya with no transaction fees. Payments are converted into the local currency and deposited directly into a recipient’s bank, mobile money, or Bitnob account.
(By Siamak Masnavi)
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